Forex Batman Expert Advisor

Forex Batman Expert Advisor review:

Forex Batman Expert Advisor is a very simple expert system that works with ZigZag Indicator and using breakout strategy. It only opens trade when market actually breakout. It opens maximum 2 trades (1 buy and 1 sell if one of those does not close). It is very easy to use, does not need any complicated settings, just add it to a chart and it will run like clockwork for you. You can trade or test it on XAUUSD because we created this EA for this pair, but you can also trade or test FX, or any other currency pairs with changing parameters in order to get best result as you like. It is desirable to make backtest and demo test before running it on a real account.

Batman EA uses no martingale, no hedging, no grid. It always uses stop loss to protect your money. We created and developed Batman EA to work on H1 charts, also it trade best on XAUUSD. It is recommended to use a low spread broker and a VPS. 1:100 leverage or more is good. If you have a micro account, you can start using it with $20 only (Spead 16-36). Recommended time frame: H1

For Customers

Please send the author a private message to get support or help, or anything else.

Important Parameters. Please don’t change them until you know what you do.

Test results:

Forex Batman  Expert Advisor

Parameters:

  • Pairs: XAUUSD
  • Time Frame H1
  • Risk: 2(%) Lotsize =2% * Equity/100
  • Lotvar: 1: Autolot and Lotvar=0, Lot = FixLot.
  • Breakeven: 1000
  • MinProfit: 500
  • Trailing stop: 1000 When profit is equal 100 it will begin to trail.
  • StopLoss: 3000
  • Take Profit: 0
  • MaxSpread:20, if Spread widen more than 20, EA delete pending trades and no put pending trades
  • RollBack: 1000, when Rate returns 1000 (1usd) from High or Low of ZigZag, EA will open pending trades
  • ZigZag: 18
  • Indent: Distance of High/Low of ZigZag and Order Open Price: 0 (default), eg 500: High of ZigZag is 1190.00, EA will open buy stop at 1190.50
  • EndHourofEndweek: 23 When Server time is >=23:00 on Friday, EA will  delete all pending orders.

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Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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